Decarbonization and electricity price vulnerability

Decarbonization and electricity price vulnerability

Driven by the need to reduce emissions and transition to sustainable electricity systems, many European countries have substantially increased their share of carbon-free electricity over recent decades. However, the dramatic 2021–2022 surge in natural gas prices—stemming from geopolitical tensions and supply constraints—has sharply elevated electricity prices, highlighting the continued vulnerability of electricity markets to natural gas price s…

Taiwan freezes electricity prices, reports power utility losses of $13 billion

TAIPEI : Taiwan will not raise electricity prices for now given global uncertainty over the impact of trade tariffs and geopolitical risks, but the government will seek parliamentary approval for funding to stem nearly $13 billion in losses for the state-run power firm. The government has been trying to contain price rises across the board for consumers to help limit the impact of inflation, including heavily subsidising energy, though it did ra…